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tv this is "the bill press show". >> bill: all right. president obama has lunch with mitt romney and does not offer him a job. good. what do you say? good morning, everybody. guess what. it is friday ♪ hallelujah ♪ >> friday, november 30th. no matter what month it is. no matter what friday is, we love our fridays here around the full court press. ♪ hallelujah ♪ >> we know you do as well. we are not going to let you get into the weekend before we bring you up to date on all of the latest here from our nation's capitol. lots of important stuff going on yesterday with the president meetings at the whitehouse on the fiscal cliff, a big press briefing yesterday, big white house correspondence party first holiday party of the season, jay carney and a lot of the white house press -- a lot of the white house press staff gathering together at the j.w. marriott just up the street from the white house. in new york, yesterday the united nations recognizing palestine as -- with a new observer status at the united nations. the u.s. voted against it for a
't hit the jackpot you could be a millionaire. >> excellent. talk about awkward. mitt romney and president obama set to break bread at the white house in a couple of hours. but why? details live on washington on the meeting we were all hoping to be a fly on the wall at. >> how a simple phototurned a cop into a viral angel. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: good morning, everybody. so everyone should give up because this is the winning ticket right here. >> steve: we didn't give up. >> brian: you get it from missouri. >> gretchen: there are millionaires in new york and new jersey and connecticut. so who knows? stay tuned if you live in those three states. >> brian: it is a happy day for me, we can no longer talk about powerball. i am so tired of the story. give the people the billions. >> steve: now they are part of the one percent that are demonized by the democrats. >> gretchen: two people waking up winning in the 550 million powerball jackpot. did you realize tickets are up to two dollars a piece. i went to buy five. they changed it
for romney, showing he's bipartisan. john boehner now making the fairness argument? it's a shocking turn of events but a testament to the fact that the republicans know optics are not in their favor. >> here's where it looks like it's heading. republicans float i think a face-saver in the new york times. quote f no deal can be struck to avoter the bush era tax cuts and onset of deep across the board spending cuts gop leadership could foresee taking up and passing legislation this month to extend the tax cuts for the middle class and then resume the bitter fight over spending and taxes as the nation approaches the next hard deadline and statutory barring. that's the debt ceiling coming up later this year, early part of next year. here's the question right now, govern governor. it seems that's a face saver because they say taxes deferred or delayed are taxes avoided. if they say we'll get to defending the rich later. we'll let their taxes go up in january. it seems that's a face-saver even if they say we'll get to it later. >> well, i think what happens, chris, though is think about the is
. mitt romney dreamed of living in the white house. he's at least going to settle in for a lunch date tomorrow. >>> a pack of cigarettes could have a new look with new language about what tobacco companies did to hide the risks of smoking. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best
health. one a day 50+. >>> to politics now, mitt romney found himself a job. he will rejoin marriott international. he's actually served on the board before and stepped down to run for governor and president. incidentally, romney is named for jay willard marriott, the owner of the hotel chain. >>> anna wintour might be looking for an ambassadorship for the uk or france. >>> new york's mayor corey cory booker starts his food stamp challenge. >> starting to cut through the prejudice and ignorance about people who use supplemental programs and get people to a higher level of consciousness and understand that the common investment in programs like this and they are important. >>> newt gingrich is getting a cameo on parks and recreation. >>> game on, movie fans. they gave out their awards and the bulk went to two live stories, "lincoln" and "zero dark 30." well, anyway, the l.a. times had a fascinating article about how this influential group, the critics, is an oscar predictor. and by the way, they honored frankenweenie. you can prevent gas with beano meltaways, or treat gas with these a
have evolved it mitt romney had come in, he would have been national security adviser, secretary of the treasury, he was deputy secretary during president bush and happened to be a senior foreign policy ambassador to germany and is one of the very few people who synthesizes the economic and national security in such a holistic way. his dad was a famous democrat who was one of the reasons i moved to washington, really great to have bob here. to michael porter's right ahead douglas holtz-eakin iran the congressional budget office and is a distinguished economist. he was john mccain's economic adviser in the first campaign. he is now running the american action forum. he is one of the best hot shots on fiscal issues but does it kindly and then we have steve case. i wanted to give him chairmanship of the jobs council, jeff immelt had that but not for long. steve case, one of the founders and chairman of aol, he chairs the entrepreneurship council, chairman of revolution, very tied up in trying to think about what are the spark the drive innovation, creativity, how do you drive young
, the biggest whopper is the one about his reckless spending spree. as would be president mitt romney tells it, i will lead us out of this dt and s snding inferno. >> oh, come on. really? >> stephanie: how did that go for you, mittens? government -- so here's the graph. government spend -- would you like the fun facts? >> government spending under obama including his stimulus bill is rising at 1.4% annualized pace slower than at any time in four years. >> how outrageous. >> stephanie: look. >> that's very visual. >> stephanie: everybody look. >> see the chart? >> those poor radio people. >> stephanie: as compared to reagan 8.7%. reagan '86-'89. bush two the second term i'm talking about 8.1%. 1.4% is where obama is. >> spending, spend spend! >> outrageous! >> i won't spend that. boehner is flabbergasted. i'm really flabbergasted! >> stephanie: did you see mitch mcconnell said he burst out laughing at the president's proposal. somebody sent me a picture of a galapagos turtle. >> i'll have the last laugh. i'l
've learned over the years in advertising. >> what's interesting is the romney campaign didn't do it. >> i was about to say, josh, how did that compare with the beached whale of the rnc and the romney campaign officially known as orca? you know, give me some sense here that we had a clue, but i guess not, right? >> well, no. i mean, i think we're talking about two different things here. the obama campaign in general when it came to technology was years more advanced, i'm afraid, than anything the rnc or romney did. maybe that has something to do with your departure, michael. >> i would think so. we can have that conversation, too. >> the obama campaign, not only did they have a staff of 20 people writing just these e-mails, they were sort of monkeys chained to typewriters or computers, i guess. they also had an entire digital analytics team that would run controlled a.b. testing of each of these different e-mails. they would find the one that worked, and then they would blast that out to their e-mail list of tens of millions of supporters who dutifully would chip in more and more money. i
: my goodness. i understand mitt romney is coming to the white house for that lunch. i don't know, what is everybody expect to come from that? >> the president said the president wanted to talk to governor romney about ideas to make it more efficient. praising the management of the 2002 olympics, said he did a good job there. governor romney is one that raised the ideas happen deductions for tax for people to come up with as far as tax reform, come up with more tax revenue. melissa: thank you so much for your input, peter barnes. lori: what is on the menu? got to give a shout out. there is another battle brewing over the fiscal cliff, instead congress and the white house, this one happening on twitter. melissa: dennis kneale is covering the story with the latest. i love this one. >> the obama administration renowned for the use of social networks but this time maybe it outdid itself. the president urging americans to tweet their support for using the hash tag mo farah, as in my $2000, raised taxes on somebody else. now my2k has become a way to trash obama and cheering at the democrats.
. it is chile, right? martha: turkey chile. bill: president obama hosting governor mitt romney for a private lunch at white house. this is the photo released by the white house, shaking hands at the oval house. they had a lunch, hour long, no media or press cameras. press press was asked about it. listen here. melissa: nothing is preventing you from speaking with governor romney about it. well, that is obviously up to former governor romney to decide whether he wants to have a conversation with you. and, you're welcome, when the president, next appears before you to ask him about it. we will provide a readout. but we didn't, i think they wanted to have, each man wanted to have a private conversation. they didn't want to turn it into a press event. bill: we hear that governor romney congratulated the president on his campaign and wished himself. they promised to stay in contact if there are opportunities to work on shared interest. don't hold your breath. martha: a new government report out shows americans cut back on their spending last month and saw no growth in their incomes. the commerce
is if romney gets elected, they might actually do what they say they might do. the remarkable feature found that your best hope is one of the candidates in his plans. we sit now on all stagnation this couldn't be for the distribution process on what they call the research writing the wages down weakening the bargaining power. inequality has become a serious problem in the united states. what's interesting is while paul has been arguing about it and i've been arguing with for a long time as we've gotten so serious that even the economists realize that it is a serious problem. when they say it is a serious problem, you've got to believe it. it's my job to take them on. so, and one of the reasons that it weakens the economy and emphasizes the problem right now is the lack of demand. lack of total demand coming and that means people are not buying as many goods and economies and capacities as produced and that leads to unemployment. the problem is if you transfer money to the bottom of the economic pyramid to the top, the people at the top save about 15% of their income and the people at the bo
admits the current tax code that allows income from investment, as in mitt romney's 15% tax bill two years ago, needs fixing. "someone who's making a gazillion dollars should not get carried interest taxes. that's just wrong." the markets have been skeptical that a long-term deal will be made. equity analysts are not optimistic. "we're expecting more volatility in the first half of 2013. we expect we'll be hearing debt ceiling discussions again." for now, fiscal cliff negotiations have slowed activity. "this is where the market is frustrated by politics. it's a vicious circle." even at a meeting of start-ups, a group some consider below the radar of fiscal cliff negotiations, some entrepreneurs are becoming unusually cautious. "you have to take pause and assess what healthcare and taxes may cost, but we also have an obligation to our investors, so we see the fiscal cliff thing as a temporary roadblock but not something that...it won't stop us from hiring at this moment." one bright spot - according to analysts at mesirow, housing, expecially new housing, in many markets is being driv
to the old system that they changed so that mitt romney wouldn't get appointed to successor to let did he havedeval patrick appoint a successor. >> i was just going to say what do you think patrick will do? >> i think he'll let the process take it. i think he'll serve out his term and move back into the private be world of private enterprise and big money law firms. >> i don't know. i think -- i disagree with you on that. >> you're not buying that. >> i'm not buying what you're dishing out. i think he'll go to the cabinet if not immediately eventually. i think he'll be a great attorney general when holder decides to step down. i think he's going to washington. that's my guess. i have no inside knowledge. charlie pierce, thanks for joining us inside the war room. coming up, out with the old, in with the new or if you'd rather, what old is new again. house republicans elect a fresh set of committee chairs and show they have gotten the message to finally be more inclusive at least one of the 19 males has a goatee. >> plus, they weren't going to change the way they did things for anyone or an
of cutting medicare. even in this presidential campaign, the president was attacked by mitt romney for it. what mitt romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did the reductions in medicare spending, we made sure none of those could come at the expense of american seniors who are receiving medicare. the reason you can do that is because there are enough savings to be had. you go after some of the fraud and waste and you get a ton of savings. that is what we did. in a district, there are a lot of efficiencies to learn from. we are willing to discuss reduce spending on important programs. what we are not willing to discuss is, in the first instance, how you pay for deficits that were caused by things other than these programs. we did not pay for these two wars in iraq and afghanistan. we did not pay for the bush tax cuts that went heavily for the very wealthy. why seniors should take cuts to their services and benefits they paid for in medicare or social security so we can draw down deficit and debt that was caused, that is where it has to
't believing the dreams are accessible to them. >> >> you mentioned mitt romney who until three weeks ago was the leader of the party. mitt romney going to disappear or does he have a continuing role? >> i hope he doesn't disappear and hope he has a continuing role. first of all, very few people have done what he has done, run for president and be the nominee of the party. >> and get crushed. >> that's not accurate. he got 47%. he won a lot of states. he didn't lose 49-1. he won places and has a lot of supporters. but he has been successful at life. and i told him this, too. mitt romney is a role model as a person, a father, husband, community leader. he has a lot to offer the republican party and our country and i don't know what that role is going to be but i'm excited because he has a lot to continue to contribute. >> one of the issues you will be talking about in the coming year is immigration and the big encilada is a pathway to citizenship. can that get done in the next four years? >> i hope so. i think it needs to be dealt with comprehensively but not in a comprehensive package of
, how did he write this so fast "why romney lost. "looking forward, not backward. the republican dangers, there may be an accelerating economy. you can't simply say obama is bad. you have to have an affirmative message. it has to be economically inclusive. that means, i think, moving away from the myth of the heroic entrepreneur as the main hero and also the main victim of the american economy and understand that the people who have been leading big companies are actually doing pretty well. the harm has been done to the american middle which is experiencing slow growth. what we need to see above all are control of health care costs. that's the key to getting middle incomes rising again. >> stephen, talk to me about this. the fact is we do think the entrepreneur as heroic in the u.s. how do you square that circle? >> i think the backbone is the entrepreneur. it's the person who sets out the shingle and employs work eers. i think republicans have to make this connection with workers that, you know, if you hurt the businesses, you are hurting jobs. i don't think they've done a good job of d
with mitt romney. i'm wondering to what degree does that move the ball forward? >> mitt romney is not as defeated presidential nominees go, he does not have large amount of influence within his own party. we saw it after the election some of the comments he made. republicans running away from them. he's someone well known from the american people just coming out of a contentious presidential campaign. if he were to put his shoulder to the wheel and assist president obama in trying to move congress along and move some republicans and move democrats as well, that could be a constructive force. i don't know whether that is the end goal of this and whether or not in fact this is simply going to be a private healing session to be followed by some assignment later. if romney chooses to help with this endeavor, he could make some difference. not a huge amount but some. >> thank you for joining us for the latest. new developments on the insider trading investigation surrounding s.a.c. capital. the firm hold be an investor call just a short time ago. kate? >> the headline coming out of
on the impending fiscal cliff. today, president obama meets with mitt romney for a private lunch at the white house. and treasury secretary tim geithner will hold talks with congressional leaders about reducing the deficit while keeping the economy growing - a lot of input being gathered on how to resolve the inevitable. president obama met with his cabinet wednesday for the first time since his re-election. but otherwise, his schedule has been filled with business leaders and resolving the fiscal crisis sooner rather than later. "families need confidence to go out and spend going into christmas." tuesday, leaders from small business gave their views. "i said the more people have money in their pocket, the more they'll spend and we'll do better." "i suggested raising the minimum wage, tying it to an inflation index, and national leadership in online retail taxes." and there's a concerted public effort: the white house website features an appeal to "speak out to keep taxes from going up on the middle class." "if congress does nothing, taxes up $2200." that $2200 morphed into a white house twitter ca
that was directed at mitt romney who is seen not as a business guy which is how he wanted to be seen but as a wall street guy, as a financial guy, someone taking too much advantage. one of the take aways from the last election was a wall street that was really damaged by this president and has done a lousy job addressing people's feelings, over the course of the past few years, i don't think that is the case. i really think we have a problem that is getting worse and more challenging and likely to provoke more, not fewer, uprisings of the tight you solid occupy or the tea party. >> host: you have had several careers including serving as undersecretary of commerce in the clinton administration, managing director of the kissinger associates and and a former businessman. is being capital type of operation a black rock type operation healthy for our economy? >> guest: it is essentials for the economy. it needs private equity, an innovator to go to somebody with capital and be able to applies at capital to they're big ideas and help from grow and help to create jobs. does that mean bane or black rock n
. ,,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when george bush beat al gore in the bitter campaign of 2000, oit going president clinton invited bush over for a two-hour session. but bush's meeting with al devoir, the man he beat, lasted only 15 minutes. brush said he had to get back to texas for a christmas party. when richard nixon beat hubert humphrey, there was a certain been there, done that, feeling when he invited humphrey of free to chat. >> i recall in 1960 after losing a very close election that president-elect kennedy could me when i was here in florida and history repeat itself. so i know exactly how you feel. >> thank you very much. >> schieffer: after beating bob dole in 1996, bill clinton invited dole to the white house for a ceremony honoring world war ii veterans
differently, i am proud of a campaign has mitt romney and i ran. he would have been a great president. it would have been an honor to serve at his side. we gave this race our all. i am grateful for the nomination. i have to say, it is thrilling when your team trusts you with a ball. it is humbling when you advance the ball as far as you can only to come up a little short. the redskins did not find that out on sunday. the giants did. it is one of those humbling experiences that is a great lesson. losing is part of politics. it can often prepare the way for greater victories. jack kemp could be counted upon to " charge chill. failure is not fatal. it is the courage to continue that counts. this work goes on. the jack kemp legacy continues on. we need to continue on fighting for the american idea, the believe everyone should have the opportunity to rise, to escape from poverty and achieve whatever you're god-given calends enable you to achieve. -- talents enable you to achieve. for too many americans, it is not a promise being kept. our poverty rates are at the highest in a generation. o
they didn't make it. ted cruz says that the real problem with mitt romney's disastrous 47% quote was that it accepted the notion that some people are rich. some people are poor. and that's how the pie looks. and then you redistribute among them. he's saying no. true conservatism -- and we've heard joe say this around the table -- >> absolutely. >> -- true conservatism means that everybody can do anything and that the republican party's missed that message. that's what they need to turn to. >> it's going to be interesting to see how they do that and if ted cruz becomes sort of the force in this. what do you think? what's your gut, mike? >> he's already offering himself -- he clearly wants to play that role. >> yeah. >> he said last night, i'm something that's not supposed to exist, a hispanic republican. so ted cruz is one of the most interesting parts of this reinvention of the republican party. another part of it, the new emphasis on immigration. >> yes. >> the effort to reach hispanics. we have a story up today saying that already republicans are going to pieces over this. that
at length about the challenges facing the nation and their party. ryan praised romney and spoke out against divisive politics as some soft rind distancing himself from the 47% remark. paul ryan mentioned poverty 15 times and says that the gop has to stick to conservative principles and appeal to more voters. >> the election didn't go our way. the republican party can't make excuses. we can't spend the next four years on the sidelines. instead, we must find new ways to apply a timeless principles to the challenges of the day. >> marco rubio barely even mentioned the campaign and focus on conservative policy proposals. he says they will strengthen and expand the middle class. he says the middle class is struggling and it's harder for some people to reach out. >> there is a growing opportunity gap developing. millions of americans worry that they may never achieve middle-class prosperity and stability, and they worry that their children will be tracked as well. with the same life and problems. >> a rough count has it as many as 22 republicans actually talking about it. in a few cases, some peo
, congressional republicans as well as barack obama and if mitt romney had become president the same thing, and the last-- absolutely. stuart: we're going to unleash borrowing? >> i think what we need-- >> take off that ceiling and allow the the president to spend what he wants and therefore, borrow. >> let's talk about your friend reagan, i think 18 times he raised the debt ceiling, so, nobody held him hostage the full faith and credit. stuart: if we do that now, no limit, there's no debt ceiling at all, and president obama could just, just borrow it. no one from congress, but borrow it, what happens. >> would i love to see some responsibility on behalf of congressional leaders. stuart: you don't think we'd get a debt crisis. >> been threatening bond vigilantes and things in the past five years, i haven't seen it yet. stuart: unfortunately we're out of time, but i love that smile. >> thank you, i love being on with you, despite the fact, talking-- the highlight of my day knowing i was going to be with you. stuart: and i do not believe you. >> it's 100% true. it's true. stuart: julie, than
. mitt romney proved during the campaign you cannot do it just by doctoring up the tax code. that should be part of the deal. we need to have tax reform, we have to have the people that have done so well during the difficult time with the economy, the richest of the rich will have to pay a little bit more to solve the idea of the problems of the country. -- to solve the financial problems of this country. >> good afternoon, everyone. as we head into the fiscal cliff negotiations, my advice to the president would be -- seems like our friends on the other side are having difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense of the year to do something important for the country. we all know that the most critical steps to be taken are to save the entitlements, which are on an unsustainable path to bankruptcy. there's no better time to begin to fix that problem than right now. so i would hope our friends on the other side can kind of turn off the campaign and get into a cooperative mode here to reach a conclusion. which leads me to m
. it's like mitt romney's dumb press conference the day after libya exploded and the ambassador died. there is a time and place -- there are so many ways to go after susan rice. >> and there are real questions on whether she even has the temperament to be secretary of state. that's a big question in washington, d.c. let me say it again. does susan rice have the temperament to be secretary of state? there are a lot of people, democrats who will tell you privately that just maybe she doesn't. but we're not talking about this. this is a clown show that's going on right now. what is -- >> i love that debate. >> well, the long game is unclear and the short game is even more unclear because they're not going to hold up the nomination of susan rice. i meaning if you look at the big picture. they only need to peel off -- i don't know what the number is five or six republican senators. >> who do they end up making stronger? >> they make the obama white house or susan rice look stronger but fighting the fight, three, four, five of them on a losing cause and won't hold up the nomination with fo
mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been elected, whether bad long term to extend them, that's one thing, but he would have extended -- this is a weird argument to be having to have everything hinging on on the 2% that are -- suddenly as i've said before, suddenly everybody loves the bush tax cuts. so weird. >> flips the tables on who likes what. >> it all goes back to the line in the band. obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconsidering the tough line that they drew back in july of 2011 because this is a situation where i think i
a black guy. he said, quote their idea is it is not fair. romney was cursed with white skin, and rich and powerful father. the best education money could buy, and numerous cars, houses, boats, and offshore bank accounts. life can be so cruel. i loved the way that he mocked him. meanwhile what is john boehner up to? other than fighting the president on the grand bargain and the so-called fiscal cliff, he said if you do filibuster reform, and you actually can get legislation passed through the senate well, we would hate that because we love gridlock in washington as the republicans right? so he said, if the senate reforms it, the filibuster, we'll block every vote. quote, any bill that reaches the republican-led house based on the senate democrat's heavy handed power play would be dead on arrival. if you thought gridlock was bad before, wait until you get a load of the new gridlock where he would kill every single bill. do you remember what president obama said before the election? i'll remind you don't worry here it comes. my hope, my expectation is that after the election, now that it
. >>> and this just in, we're hearing what mitt romney will be doing in the future. we'll tell you about his new gig. >>> plus, more on our breaking news from capitol hill now getting that counteroffer from republicans to the white house, their initial starting point plan when it comes to the fiscal cliff. le announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food differently! and introducing 7 lunch choices for just $7.99. salad, sandwiches, and more. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> quick update for you on former republican presidential hopeful
romney proposed. for the tax portion of this down payment, the decoupling of the bush tax cuts is the right way to bring in up front revenues. if they wish to have a spending cut component, fine, the ball is in their court. what sit? >> we've been specific about our down payment. what is theirs? >> if they have one on the revenue side, we'd like to see the specifics. we've been very specific. so far they haven't offered a single idea short of vouchering medicare that we all know is off the table. even mitt romney denied that one as the campaign went on. if republicans insist on spending cuts the on news is on them to come forward with some ideas t. president's budget continues over $300 billion in health savings. if they don't like that they should make a counter offer. we know that won't happen. we are waiting for some specific somewhere from our republican colleagues to show that they are serious on negotiations. >> three weeks ago the american people went to the polling places and they sent a message. democrats from president obama to our senate candidates on down built thei
with romney being a piece of it. >> has the private equity industry changed its position on this issue? have they accepted -- dare i say have they accepted defeat on this issue? >> i think they haven't changed their position. they still believe -- most people still believe it should be considered ordinary income, but that said, they have accepted defeat. every private equity exec i speak to says they feel at some point carry will be treated as ordinary income and not a capital gain, i'm sorry. and they've not really worked that in but accepted that's going to be a change that will have to come this year or next year. >> has there been any move of foot, and i don't know if we'll see it before the new year for a number of deals to either get done or recaps or other things where people are worried about the additional taxes that may come on dividends. >> you're starting to see that a little bit. and particularly the capital gains increase. because even if leaving carried interest aside, a lot of the investors in private equity funds, you know, no the the nonprofits, but family offices, et ceter
that was a vote winner, he wouldn't have put 86% of his tv ads. he ran a romney is a bad person campaign not look at how wonderful i have gotten the american economy. >> if it is on c-span -- >> you say here's what we want to do. we just elected a house which ran on the ryan plan. >> you are saying these are the reforms that we want. >> the president sits there and says what, because he hasn't put anything on the table that passes the lap test, hasn't put spending restraint. crazy democratic leadership, which for two years kept all the democratic senators from voting on anything. i want them to vote on something between now and 2014 because then they aren't coming back. >> if you are john boehner, speaker boehner, your proposal is -- your bright line is what? >> first of all, you want to have this conversation in public and whatever happens, you want it online. that gives you the moral high ground and allows the american people to focus on this. >> wait, what you are saying right there is a path to a deal, you're not saying they should go over a political cliff. you're saying they should fight fo
to oppose romney. so that's like 2:1. >> you're not adding in the seiu. >> down at $14 million. i'm looking at the "wall street journa journal"'s page on super pacs. i've got the restore america's future 1rks 42, priorities usa -- >> if you add up all the super pa pacs, they barely balance out the union involvement. >> sciu was down ninth, 14.7 million. >> why are you arguing about this will? the results are out. >> are there lessons for business in the advertising campaigns by the super pacs? assuming that one side went wrong here, where did they go wrong? >> you're focusing on the super pacs and of course it's about the strategists and how they went about it. and the simple fact is the democrats understood the demographic changes whether you're talking about african-american, hispanics, single women. and understanding the changes taking place. i think the republican party is still rooted to a large september extent in the past. if you look at the nature of the people involved on either side, it was i think predictable that one set of advisers was in touch and the others weren't. >> martin
alike, including governor romney. it's time for us to act on those elements, to accelerate the reform. i note with no small amount of irony that the $716 billion that the republican ticket mr. romney and mr. ryan campaigned against the president on, paul ryan's budget included the same reductions and it's likely they will be in his budget that's coming forward. let's act on things that we agree. let's rebuild and renew america and find ways to save the money and puts on a path to fiscal responsibility that the american public needs and demands. the speaker pro tempore: the chair recognizes the gentleman from oklahoma, mr. lankford, for five minutes. mr. lankford: in a few days we're going to have to resolve the fiscal cliff. eye roncally enough, something the house of representatives passed last may. in april set out a tax plan. in may passed a sequestration plan, went to the senate and said we're going to see you in the lame duck time period. we're in the lame duck and this had has to be solved. we have to solve the problem. the first thing is to define what the problem even is. it seem
in 2013? you were a romney supporter. do you have to change your strategy now that we know we have president obama for the next four years? he's got a much different mentality. >> i'm a social liberal fiscal conservative. my party doesn't really exist. i thought if the nation got burr rid under trillions of debt, there would be nothing to talk about. we wouldn't have a social agenda. >> we're close to it. >> 16 on our way to 20. then you lose options. you go over an edge where you're only services debt. today our interest expense is like $120 billion or so. 4% on $20 is $500 billion. that overwhelms all the discretionary spending. somebody has to get serious in washington. i'm hoping obama is coming to be a great president, which has come to the center. he inherited a bad economy. there's no doubt, right? but we haven't made a lot of progress. we haven't given business a lot of confidence. we have $1 trillion -- >> antagonistic with business. >> we would call it antagonistic. a lot of listening but not a lot of hearing. i'm supposed to go -- i won't say that. >> you're going to go
of an obama recovery. and now that governor romney is no longer and the electoral politics are behind us they're really in a box. on the one hand they now are tied to the idea that they have to invest in something that's pro-growth. but this idea that you repeal obama care and we get growth -- >> why is it unreasonable for the gop to want to extend the eligibility age for medicare, to want to fix colas for social security? these things have been around for a long time. >> because you're balancing the budget on the backs of vulnerable people. >> democrats have supported these kinds of things. they essentially want to means test medicare. i'm not sure i agree with this but they want a progressive shift in that. why is that a bad thing? >> going after seniors who are now eligible at 65 and bumping up the eligibility age when you're talking about people word in some cases long term unemployed, in jobs where they are making -- can't pay their bills. let's remember where this deficit came from. it came from the iraq war run off budget. it came from a financial crisis that rewarded a lot of executiv
. he was a key romney adviser during the campaign. diane swonk is also with us, she's the chief economist from a financial company. the deduction is getting about $10 billion more expensive every year. but this is money in people's pockets. christine does outline that low income people don't nearly get the benefit of this that high income people do or high value homeowners do. but it is money in the economy. so what's the danger of pulling it out? what does it do to the economy or the housing industry? at this stage of the game, it is very little. i wouldn't eliminate it entirely. this is a major transition. but i do think it needs to be major scaled back so that most americans with benefit from it. but we really would rather have high income americans investing in our future, investment markets and equity markets, things like that rather than in their homes. if they can build multimillion dollar homes, you don't need a million dollar deduction. i don't think that's the best use of government policy. so there are a lot of arguments on both sides of the issue. but i think for the
, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has proposed is part of the current negotiations is another $300 billion cut in medicare. stuart: that is a cut. you do understand, that what we really -- >> stuart, that just is not true. we have not seen them play out. certainly, we will have to be coming back every year. usually, through a committee process where people vote at the end of the day. the republicans decided to take another course around the debt ceiling. i do not
. and allison schwartz me as well. mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the senseless tragedy, what drove jovan belcher to kill his girlfriend and then himself. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't
wanted to go in inner cities, talk about poverty, and he got slapped back by the romney folks who said there's no constituency, there's no votes, we're not focusing on those issues. >> what's the next act for paul ryan coming off a losing vice presidential bid? what does he do four years from now or eight years from now? >> from my reporting, it's clear that rubio wants it and wants it badly. and i think wanting it matters when running for president. if you want it badly, you'll do all that stuff. we understand from folks talking to paul ryan, he doesn't want it as badly and isn't sure he wants to run. for the next two years, he's front and center in the fiscal debate. is he going to be the leader of resistance among conservatives or part of the solution? and i don't think he's made a decision yet. early signals are he's not where john boehner and others are as far as his openness to certain compromises, but at the end of the day, he could be there and i think that will be a big indication of what he wants to do and where he goes. >> and paul ryan signed on to the boehner plan yesterda
, fundamentally, is an awful lot like what mitt romney was talking about during the campaign. the deductions, for example, if we're going to get the $800 billion from, you can't -- they don't add up. you can't get there with those deductions. >> but it's also a lot like erskine bowles proposal before the simpson-bowles commission. because in other words it came from bill clinton's chief of staff. this is where the proposal -- >> -- >> listen that's a point. that's how extreme this is, bob. and -- >> in terms of -- does not have the rate reductions, does not convert medicare and does not convert medicaid to a voucher. it doesn't have the structural changes that are objectionable to the democrats. there's a lack of specifics here. but if i'm the president i'm thinking they're putting $800 billion on the table in removing deductions and exemptions i'm going to pocket that and add some of the additional revenue from rates i can get from allowing rates to expire. >> we're going to be talking to senator johnson this morning also xavier becerra about the details or lack of details in the two compet
. mitt romney gave away millions and millions of dollars. host: things like capital gains dividends and other things that benefit wealthier in comes? guest: the caplet gains and dividends is the classic break that benefits the wealthy. they think it is correct if they receive more than 90% of the benefit. people and the middle class get a little benefit from that break. the majority of the break goes to the wealthy. host: there is a recent story from politico. host: how significant of these deductions? guest: they can be important. the goal is to not get rid of the budget deficit. lots of people do not want to get rid of the budget deficit. they want to get it down to a manageable level. opinions differ. you can make a big dent through closing or reducing the loopholes. host: do you expect them to play a role? could they end up on the chopping block? guest: republicans have put them on the table. i think you probably will see some of both. this is a process that will go on for the better part of the next year. during that process, you will see some of both. host: john mckinnon is a
disparity. things like that. mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get the stock movi
campaign, the president was attacked by mitt romney for having so-called cut medicare. what of course mr. romney forgot to mention is none of those cuts in spending in medicare cut benefits. when we did that we made sure that none of the reductions would come at the expense of american seniors who were receiving medicare. and the reason you could do that because there's enough savings to be had. you could get rid of some of the medicare mills, the replication of services and you get a ton of savings. that's what we did. as mr. waleds said, in his district -- walz said, in his district we have a lot of things we can learn from. we're willing to discuss on how to reduce spending on medicare, medicaid and so forth. what we're not willing to discuss in the first instance how you pay for deficits that were caused by things other than these programs. we didn't pay for these two wars in iraq and afghanistan. we didn't pay for the bush tax cuts that went heavily towards the very wealthy. and so why all of a sudden seniors in america should take cuts to their services and benefits they paid for i
this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach agreements. >> the democrats thought they did enough deficit cutting. >> not even close. >> right. >> 0%, you need $900 billion of tax increases or spending cuts to stop debt growing as a percent of gdp. on the $900 billion you need, you need more than that. the president, who wants to support his spending, needs enormous tax increases, and public opinion says he can blame tax increases on republicans if he's over the cliff so his threat to go over the cliff, i think, is very credible, and i think the republicans are in a very procare yows negotiating position because if they are blamed for this, they'll loss the house, and if they
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